The bullish trend surrounding Chinese assets continues today. A-shares and H-shares have surged together, with brokerage stocks as the core benefiting sector accelerating upwards.

As of the time of publication, most individual stocks in the brokerage sector of Hong Kong stocks have seen double-digit percentage gains, with 10 of them having gains exceeding 30%.

Among them, $SWHYHK (00218.HK)$ rose by 97.67%,$FIRST SHANGHAI (00227.HK)$ rose by 57.58%, $GUOTAI JUNAN I (01788.HK)$ Rose by 43.81%, $CISI FIN (06058.HK)$ Rose by 30.43%. $CITIC SEC (06030.HK)$Please use your Futubull account to access the feature.$GF SEC (01776.HK)$Please use your Futubull account to access the feature.$GUOLIAN SEC (01456.HK)$ Follow the rise.

Recently, with the approval of the Central Financial Committee, the Joint Office of Central Finance and the Securities Regulatory Commission issued the "Guiding Opinions on Promoting the Entry of Medium- and Long-term Funds into the Market", proposing three main measures: building and nurturing a capital market ecosystem that encourages long-term investment; vigorously developing equity public funds, supporting the stable development of private equity securities investment funds; and focusing on improving various policies and systems for the entry of medium- and long-term funds into the market.

In the report on September 29th, the Open Source Securities Non-Bank Financial Team pointed out that the Political Bureau meeting's stance on stabilizing growth and boosting the capital markets exceeded expectations. Brokerage sectors are particularly sensitive to market fluctuations, with current valuations and institutional holdingsremaining relatively low, it is recommended to actively increase allocation.

It is worth noting that according to market monitoring data, on September 30, the trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan intraday, breaking the trading record since June 15, 2015. The Hang Seng Index has also seen three consecutive days of trading volume exceeding the 300 billion Hong Kong dollar mark.

With the booming market, the trading volume of A-shares and H-shares has rapidly expanded, significantly boosting brokerage business. Market expectations for the overall performance of brokerages in the second half of the year have also been raised.

According to media reports, the number of new accounts opened by many brokerage firms has shown a 2 to 4-fold increase recently. More importantly, previously inactive clients are also returning. A large brokerage firm official stated that in terms of inactive user accounts, the daily average customer return rate has increased by 3 to 5 times compared to the previous period.

Tianfeng Securities analyst Du Penghui stated in the report on September 29 that from the perspective of trading volume, customer trading sentiment is enthusiastic, and the sectors with significant increases in this rebound, such as brokerage sectors related to people's daily lives, have relatively high visibility, making it easier to resonate with funds, accelerating the formation of consistent optimistic expectations.

Regarding the issue of the sustainability of the current market that is of concern to the market, Tianfeng Securities believes that the intensity and speed of market interpretation may exceed market expectations, and suggests focusing on the top brokerages.

Sinolink Securities previously stated that brokerage stocks are the core beneficiaries of this policy shift, and are expected to demonstrate stronger market sensitivity attributes under the positive policy shift + liquidity improvement catalyst.

Editor/Rocky